The U.S. dollar reached a 17 month high on Oct. 2, with the Bloomberg Dollar Spot Index gaining 1.7% in September. This rally followed hawkish commentary from Federal Reserve officials Michael Barr and John Williams and market bets on a December rate hike to curb inflation. Meanwhile, the 30 year Treasury yield hit its highest level since 2002, pushed by energy price spikes from the Iran war and fiscal worries regarding France.
Tuesday, October 20, 2026
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Euro Hits 17-Month Low in 5th Straight Weekly Decline
Global Markets16 days ago
The euro fell 0.7% to $1.11735 on Oct. 5, continuing its downward trend against the U.S. dollar. The currency is on track for its 5th straight weekly loss as reports that Spanish government officials are preparing for an early election intensify concerns over political and fiscal risks in Europe. This slide extends the currency's weakest run against the greenback since May 2025.
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